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TanukiTrade
Apr 30, 2021 11:31 AM

Canadian Dollar short put vertical Long

Canadian Dollar FuturesCME GLOBEX

Description

Max profit: $70
Probability of Profit: 83%
Profit Target relative to my Buying Power: 20%
Max loss with my risk management: ~$150


Req. Buy Power: $430 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 28 (average at futures)
Expiry: 36 days


Sell 1 !6CM1 Jun4' 0.8 Put
Buy 1 !6CM1 Jun4' 0.785 Put

Credit Call spread for 0.70cr each


Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~10% .

Take profit strategy: 50% of max.profit in this case with auto sell order at 0.35db. Probability of profit this way: ~90%.

Of course I'll not wait until expiry in any case!



If you liked this article, check my other ideas.

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Trade closed: target reached

Closed in 10% profit (original target) in a week.

Comment

Winner winner chicken dinner.
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